Private Client Insurance

Private client insurance is a specialized type of insurance policy designed to cater to the unique and complex requirements of high-net-worth individuals and families. These clients typically possess a significant amount of valuable assets, such as luxury homes, fine art collections, expensive cars, and other high-priced possessions.

The primary objective of private client insurance is to provide comprehensive and customized protection for these assets against potential risks, such as property coverage, personal liability, theft, and other liability issues. This type of insurance often goes beyond standard policies by offering higher coverage limits, broader coverage options, and personalized services tailored to the specific needs and preferences of the client.

Prime strives to build relationships with producers and insureds in order to provide each with the outstanding service they deserve. With over 40 years of experience and an AM Best rating of A (Excellent), Prime can provide the right coverage, limits, deductibles, and protection that is tailored uniquely for your private clients.

If your client already has an insurance policy, they might have one that they think provides the coverage they need. However, when a claim arises, they soon discover they aren’t covered. The truth is many insurance companies have gaps and exclusions in their policies that will likely not cover all aspects of the business. However, Prime writes customized insurance policies based on your client’s needs.

With limits up to $10 million (excess available) and in-house services for flexible underwriting, policy services, risk management, and claims management (24/7 claims hotline), your clients will be well protected.

Your private clients might have some unique items that typically go uninsured or can they be hard to get coverage for. A traditional policy for homeowners, auto, umbrella, etc. have gaps in coverage or exclusions that are leaving your clients exposed. Our TRU Umbrella policy can fill the gaps and cover exclusions on an existing policy by scheduling any activity or item that needs insurance coverage.

These items can include:

• Electric Bikes
• eFoils
• Hydrofoils
• Jet Packs
• Water Sleds
• Guard Dogs
• Exotic Cars
• Boats and Watercraft
• Aircraft
• And More

Please note that we do not accept submissions more than 30 days from expiration. When needed, we can provide same-day quotes and proof of coverage, you just need to complete the Insured Underwriting Call and pay the premium to get it done! To finalize pricing we require a phone call with the owner/applicant. Get started with a private client insurance quote today by clicking the “Get a Quote!” button above.

There are many reasons why you should choose Prime as your insurance partner but here are some highlights: 

Partnership Approach

At Prime, we build trusted relationships and want all parties to be involved. We arrange a phone call with every potential insured to provide fast, flexible underwriting for every client. From our underwriters to our legal team, the insured, and the producers — at Prime, everyone is considered a partner and our processes are designed for the mutual benefit of all parties involved.

“A” Rated Carrier With 40+ Years of Experience

The strength and stability of Prime have led us to over 40 years of experience in the insurance industry. Private client insurance is our expertise!

In-House Teams

We have it all under one roof – underwriting, legal, risk management, policy services, etc. You will have direct access to our staff and services, ready to assist you! We even have an in-house claims hotline if an incident or claim occurs, available 24/7. Prime can write up to $10 million in-house.

Extraordinary Claims Results

We pride ourselves on our ability to handle claims in-house and effectively. Prime’s team of attorneys and adjusters are here to assist you every step of the way. Unlike most insurance companies, Prime fights frivolous lawsuits. We will be by your side every step of the way!

Prime can help your clients even if they’ve been canceled or denied insurance in the past or have a claims history. We can insure private clients all across the country! Whether your client needs a brand new policy or if they have gaps and exclusions in their current policy, we can write a customized insurance policy to fit their needs. 

Prime has over 40 years of experience, making us one of the best insurance companies for private clients. Many insurance companies are turning away individuals and businesses that are deemed too risky, or, they could be leaving gaps/exclusions in policies that leave the policyholder exposed. Prime takes a more hands-on approach to learn about you, your client, and their needs so we can write a policy that ensures maximum protection.

Prime Insurance Company is an excess and surplus (E&S) lines insurance company, specializing in property and casualty insurance for non-standard, specialty risks. Prime currently produces in excess of $400 million gross premiums annually. The company writes E&S business in all 50 states and has an “A” (Excellent) rating by A.M. Best*. Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc.**

Prime delivers coordinated services by integrating expert underwriting, policyholder services, policy accounting, premium financing, risk management, state tax payments, claims administration, and self-insured support program services all under one roof.

*see www.ambest.com for latest ratings
**The most current Financial Stability Rating^® must be verified by visiting www.demotech.com.